IT workers have been under economic seige since 2008, but it looks a bit more hopeful for 2012, at least for those who already have jobs.
The Computer Economics 2012 IT Salary Report has found that that IT organizations are planning to hand out average raises of 2.8% this year–not a windfall, but certainly a step in the right direction. Organizations at the 75th percentile are budgeting for only a 3.0% wage increase for employees. According to CE, however, that lags well behind the 3.4% rise in the Consumer Price Index for the 12-month period through November 2011.
But let’s hang on for a minute. The last time I checked (about 2 minutes ago), the U.S. unemployment rate was still 8.3 percent, according to a government that wants to report this figure as low as possible. However, the American Enterprise Institute (AEI) suggests that a better measure of the real jobless rate -the U-6 – stands at 15.6 percent, according to International Business Times. “The AEI’s rate includes those individuals who would like a job and have been looking for employment for the last twelve months and not just the last four weeks. The agency believes therefore the number of Americans hurt by the bad economy is almost twice what the official number would suggest,” says this source.
So if you not only have a job, but you’re going to get an (admittedly modest) increase, do you really have a lot to complain about? I wonder what the folks who have been tossed out on their assets over the past four years would say. My bet is that they would change places with you in a heartbeat.
CE adds that, “On a positive note, most IT workers will get some measure of increase: even organizations at the 25th percentile are increasing salaries for existing employees by 1.8%, which is an improvement over the no-raise policy that prevailed last year in the bottom quartile. Still, typical raises planned for 2012 are somewhat compressed across all quartiles and show little variation by job function or level.”
I certainly hope no one is whining about this. Plenty of talented and hard working Americans have seen their jobs vanish or travel overseas, and despite what the current Administraton would like to tell you (in order to be re-elected), the economy still stinks like month-old Limburger Cheese.
In fact, CE notes that “our research indicates hiring by IT organizations across all sectors will remain weak in 2012, especially among large organizations.” Wouldn’t it be great if some of that extra IT dough could be used to hire back some displaced IT workers? Crazy, I know.